Futures in Japan, Hong Kong and China pointed lower. The S&P 500 Index posted a modest decline, weighed down by energy, tech and financial shares. Crude oil slumped to the lowest since January on concern the trade dispute between the U.S. and China could trip up the global economy. The dollar climbed. President Donald Trump said he had no deadline for China to return to trade talks, other than the one in his head, it said.

CIMB Retail Research said the FBM KLCI ended Wednesday on a softer tone, in line with the weak regional markets.

It said market breadth turned negative after 3 consecutive days of positivity.

“We maintain our view that cautious sentiments may still prevail given the uncertainties over the external and internal headwinds.

“Chart wise, the index has formed a small candlestick yesterday, indicating market indecision.

“Hence, we think that the index may see a period of range-bound trading (possibly between 1,640 and 1,670) in the near term. Resistance: 1,657 & 1,670. Support: 1,633 & 1,628,” it said.